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Business - Page 4

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Russian coal exports to South Korea hit three-year high

Russian coal exports to South Korea have surged to their highest level in three years, highlighting a significant shift in Seoul’s energy sourcing as it seeks to strengthen power supply security amid disruptions in global energy markets. South Korea imported approximately 12.5
August 24, 2026
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Global Monetary System Enters Fragmented Era

The international monetary system is undergoing a gradual but consequential transformation as long-standing assumptions about currency dominance, cross-border payments, and reserve accumulation are being challenged by shifting geopolitical alliances, technological innovation, and the growing economic weight of emerging markets. At the center
June 8, 2026
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Dar es Salaam Port Expansion Announced

The Government of Tanzania has unveiled an ambitious plan to construct 12 new berths at the Port of Dar es Salaam in a major infrastructure push aimed at easing mounting congestion as cargo volumes and vessel traffic continue to rise sharply. Through
May 25, 2026
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Goat Prices Surge Ahead of Eid Celebrations

As Muslims in Tanzania prepare to join millions worldwide in celebrating Eid al-Adha on May 27, 2026, goat prices across parts of Dar es Salaam have risen sharply amid growing demand for sacrificial animals. Livestock traders say the seasonal price increase is
May 25, 2026
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African Trade Expansion Strengthens Regional Economic Influence

Trade integration across is accelerating as governments and regional institutions intensify investments in transport infrastructure, logistics systems, and cross-border commercial networks designed to improve connectivity and industrial growth. The momentum reflects broader efforts to strengthen the continent’s position within evolving international trade
May 23, 2026
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African Trade Expansion Strengthens Regional Economic Influence

Trade integration across Africa is accelerating as governments and regional institutions intensify efforts to improve infrastructure connectivity, streamline commercial regulations, and strengthen cross-border market access. The progress is gradually reshaping the continent’s economic role within international trade systems. This is not temporary
May 17, 2026
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Currency Diversification Reshapes Global Financial Power

International financial systems are undergoing a gradual but significant transformation as economies increasingly diversify currency exposure, adjust reserve strategies, and expand alternative trade settlement mechanisms. The movement reflects a broader effort to strengthen resilience within a changing monetary environment. This is not
May 16, 2026
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Russia Expands Economic Push Through Tanzania

 Russia is stepping up its economic engagement in East Africa through Tanzania, as both countries move to deepen cooperation in trade, investment, infrastructure development, energy, and industrial partnerships in what officials describe as a more structured and results-oriented phase of bilateral relations.
May 15, 2026
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Namibia Eyes Global Critical Minerals Dominance

Namibia is positioning itself to become one of Africa’s most important suppliers of critical minerals and rare earth elements, unveiling an ambitious strategy aimed at transforming the country into a major hub for global energy transition supply chains. Government officials in Windhoek
May 15, 2026
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CRDB Campaign Second Draw Rewards Six Winners

The excitement surrounding the ongoing CRDB Bank TemboCard Visa campaign intensified after six lucky customers emerged winners during the second official draw of the “Fainali Ndo Mpango” promotion, a nationwide campaign designed to reward customers using digital payment services ahead of the
May 12, 2026
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